Alfesca hf.
– Redemption of shares in Alfesca hf.
Alfesca hf. / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Following the settlement of Lur Berri Iceland ehf.'s ('Lur Berri Iceland') takeover bid for shares in Alfesca hf. ('Alfesca') Lur Berri Iceland and other Consortium members will own a total of 91.34% of the share capital and 91.87% of voting rights in Alfesca. In view of this, Lur Berri Iceland and the Board of Directors of Alfesca have decided that shareholders in Alfesca who did not accept Lur Berri Iceland's takeover bid for shares of Alfesca hf. and are not members of the Consortium concerning the control and operations of Alfesca shall be subject to redemption of their shares, pursuant to Article 110, paragraph 1, of Act No. 108/2007 on Securities Transactions. The redemption price is ISK 4.5 for each share in Alfesca. The shares will be paid for in cash. This is the same price and compensation that Lur Berri Iceland offered shareholders in Alfesca in its takeover bid on 25 June 2009. The redemption period is expected to commence on 26 August 2009 and last four weeks and payment is expected to be made to shareholders on 29 September 2009. The shareholders in Alfesca, to whom this redemption applies, will be sent a notification of the redemption with a share transfer form. The notification will be published in daily newspapers in accordance with Alfesca's Articles of Association on convening annual general meetings, cf. Article 110, paragraph 1, of Act No. 108/2007 on Securities Transactions. This notification and share transfer form will also be available at Nýi Kaupþing banki hf., Borgartún 19, 105 Reykjavík. News Source: NASDAQ OMX 21.08.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Alfesca hf. Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000000461 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found